Fund flow into NCR start-ups narrows to just Rs 1,140 cr in 2016

New Delhi:Funding activity in the national capital region witnessed a slowdown with deals signed worth $170 million in 155 transactions so far this year, says a report.

According to 'VCCEdge Startup Funding Insights' the NCR start-up ecosystem witnessed funding crunch and attracted $170 million (about Rs 1,140 crore) this year.

the going run-rate, funding deals for the year 2016 may not be able to cross the 2014 deal value of $289
million," the report said.

The year 2015 was a landmark year that registered a deal value totalling USD 608 million as against USD 289 million in 2014.

"The slowdown is attributed to investor pragmatism and selectiveness in funding enterprises that have business models that best optimise the funding they receive. Start-ups have to, perforce, 'Conserve and Grow, or Perish'," said Nita Kapoor 

The top venture capital deal was the investment of $17.19 million made by Sequoia Capital India, Omidyar Network

India, Maverick Capital, and HBM Partners in the Gurgaon-based healthcare startup, 1MG Technologies.

The top angel/seed funding deal was that of online gaming company Gamooz Interactive Solutions that saw funding to the tune of $15 million made by angel investors such as Taha Nabee, Anupam Gopal Mittal, Anand Kumar Ladsariya, Devesh Ghanshyam Chawla, Suneel Bandhu and Miten Mehta.

Food-Tech topped the table in terms of number of deals with 50 investments worth $28 million since 2011. While,

travel technology players saw m

Second setback in experiments in Govt formation – Arunachal Pradesh

It would be easy to explain this off as a byproduct of the tension that the Modi Government has been having with the judiciary. However, there might be a kernel of truth in the sense that the relations between the Government and the judiciary are fraught with tension right now. The Government believes in the righteousness of what it is doing, no doubt helped by the euphoria of the massive Lok Sabha victory it got and the implied mandate by the people of India. However, it is for that very reason that the constitution of India mandates that the judiciary is a separate and equal pillar of democracy, no matter how strong the Government is. It may also be time for the government to re-look its advisers regarding the confrontation with the judiciary, the success factors of the confrontations so far is pretty low. The NJAC Bill regarding the appointments of the judges, something that the Government pushed with such a lot of effort, was reversed by the court and in a manner where there is not going to be reversal. Further issues regarding the process of appointments is being tossed back and forth, with the court very hesitant to let the Government (maybe, specifically this Government) the power that it is seeking.

Having said that, the situation is Arunachal Pradesh would have come as a shock to many. It seemed to be a settled deal, with the wheeling and dealing having happened some months earlier, and a combined Government of Congress defectors and BJP support ruling the state; and with the Assam election having gone the BJP way decisively, showing the way for the BJP to make deep inroads into the Congress ruled states of the North East. The situation in Arunachal Pradesh was not at all clear. There was a huge amount of dis-satisfaction within the Congress, and the Congress high command did not take any action to handle this dissidence. As a result, the situation grew to such a level that the dissidents were ready to walk out of the Congress and the BJP was more than willing to take these dissidents. After all, the North-East is a geographic zone that till that time had seen minimal political strength of the BJP and the chance to throw out a Congress regime would have seemed so right for the BJP – multiple political benefits of the same. Continue reading Second setback in experiments in Govt formation – Arunachal Pradesh